Online Data Room Review
Online Data Room Review
When you share sensitive financial documents and intellectual property files for litigation and much more, the best thing you can do is to have it get lost or stolen. This is the reason why online data rooms have been popular for storing, managing and sharing confidential documents.
However, not all VDRs offer the same features. When evaluating a vendor, it is important to take into account the various feature sets offered, security options such as user interfaces, cost.
Many VDRs also have document permissions granularity that allows users to set the time when they are able to print, download or even view files. Some VDRs are able to add dynamic watermarks to pages of printed or viewed documents to increase security. Some allow the tracking of user and file activities which can be useful in conducting safety audits or monitoring interest in the capital raising round.
Another must-have feature is extensive logging and reporting capabilities. Certain VDRs allow you to track user and document activity in a clear, easy-to-read report that offers valuable insight to use for business. This allows you to monitor who has accessed the files, at what time they were accessed and when confidential information was changed.
The best online data space offers users with a seamless experience user, with a simple and intuitive interface that is compatible with all devices. They also have extensive deployment options and a single sign-on for all projects. They also support multi-project management which lets you easily create and manage separate areas of your project with different levels of access as well as specific documentation uploaded for each project. They offer 24/7 support via multiple channels and have experts on hand to assist you with any issues.